BERKSHIRE ATHENAEUM (EIN 046004200) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1871

Legal Domicile

Principal Officer

PAMELA KNISLEY

Phone

4134999480

Tax Period

2024-07-01 to 2025-06-30

BERKSHIRE ATHENAEUM, founded in 1871, is a small nonprofit that reported $596K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $172K, a strong 29% operating margin.

Mission

THE BERKSHIRE ATHENAEUM, PITTSFIELD'S PUBLIC LIBRARY, EXISTS TO INITIATE, NURTURE AND FEED A PASSION FOR KNOWLEDGE AND LEARNING. THE LIBRARY OFFERS PEOPLE OF ALL AGES THE MATERIALS AND SERVICES NECESSARY TO SATISFY AN APPETITE FOR INFORMATION ABOUT POPULAR CULTURE AND SOCIAL TRENDS AND THEIR DESIRE FOR ENJOYABLE RECREATIONAL EXPERIENCES; ENABLES OLDER CHILDREN AND ADULTS TO EXPLORE PERSONAL, HISTORICAL AND CULTURAL HERITAGE; SUPPLIES THE MEANS FOR INDIVIDUALS TO CONTINUE TO LEARN THROUGHOUT THEIR LIVES; AND PROVIDES THE SOPHISTICATED INFORMATION SERVICES NEEDED TO ANSWER THEIR QUESTIONS; ALL IN A WELCOMING SETTING FOR PEOPLE TO ENGAGE WITH OTHERS AND DISCUSS A VARIETY OF COMMUNITY ISSUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $273,030

Program Service Revenue $65,899

Investment Income $257,276

Other Revenue $0

TOTAL REVENUE $596,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $376,266

Other Expenses $424,147

TOTAL EXPENSES $424,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,205	$868,870	-0.3%
Expenses	$424,147	$361,088	+0.2%
Net Income	$172,058	$507,782	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$108,264

Total Directors

$108,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA L KNISLEY	PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN D NEINER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
REV CHARLES E PRATT JR	TREASURER	0.25	Officer Director	$0	$0	$0
THASIA GILES	CLERK	0.25	Officer Director	$0	$0	$0
PETER WHITE	TRUSTEE	0.25	Director	$0	$0	$0
JOHN W MURPHY	TRUSTEE	0.25	Director	$0	$0	$0
HON PETER MARCHETTI	TRUSTEE	0.25	Director	$0	$0	$0
CHARLES SAWYER	TRUSTEE	0.25	Director	$0	$0	$0
DONNA KASUBA	TRUSTEE	0.25	Director	$0	$0	$0
MATTHEW KERWOOD	TRUSTEE	0.25	Director	$0	$0	$0
MACKENZIE GREER	TRUSTEE	0.25	Director	$0	$0	$0
CONNIE BERGS	TRUSTEE	0.25	Director	$0	$0	$0
THERESA APPLE	TRUSTEE	0.25	Director	$0	$0	$0
DIANA BELAIR	TRUSTEE	0.25	Director	$0	$0	$0
ALEX RECZKOWSKI PAID BY CITY	LIBRARY DIRECTOR	35.00	Officer Director	$0	$9,176	$108,264

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$596,205	$424,147	$8,496,218	$172,058
2024	$868,870	$361,088	$7,714,305	$507,782
2023	$1,237,118	$394,815	$6,685,830	$842,303
2022	$1,678,562	$358,577	$5,625,052	$1,319,985
2021	$502,628	$218,769	$5,136,427	$283,859
2020	$940,528	$190,576	$3,957,837	$749,952
2019	$498,436	$261,285	$3,274,673	$237,151

BERKSHIRE ATHENAEUM